Which of the following statements is true of the budgeting process?
A) If a company carefully plans for its future, there will be no need to make modifications during the budget period.
B) It is a continuous process that encourages communication.
C) It shows the actual performance of the business.
D) Managers and employees are motivated to accept the budget's goals because they enjoy having their work monitored and evaluated.
B
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After completing the audit report of Blair Corporation, but before delivering the audit report to the client, a tornado demolished the main production facility. In this case, what option is available to the auditor other than dual dating the report?
a. Use the original audit report date. b. Go back to the client's office and extend testing to the date of the tornado, thereby taking responsibility for all events up to the date of the tornado. c. Report the situation in the management representation letter. d. Issue a scope limitation.
Which of these issues has NOT been addressed in an amendment to the U.S. Constitution?
A. universal health care B. slavery C. the federal income tax D. giving women the right to vote
What is the last step in Kotter’s 8-Step Model of Planned Change?
a. build on the change b. refreeze c. refresh d. anchor the changes in the organizational culture
Gravel Manufacturing had supplies on hand costing $480 on December 31. During the same year, supplies costing $320 were purchased, and $640 in supplies were consumed during the year. What was the cost of supplies on hand on January 1 of that year?